UK Finance News

It is a very fine line to tread for the State Owned Banks, do they offer financial assistance in the form of mortgages at cut rates to lenders in a bid to re-vitalise the property market as requested of them by the UK Government, or should they protect the tax payers interest by offering deals [...]

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The UK’s Furness and Harpenden building societies have announced that they have signed up to compete for savers’ cash with Europe’s first and largest online interest rate auction house for time deposits, licuro.com.They make up seven UK societies that have signed up to the scheme that offers large lump sum investors the best time deposit [...]

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In a survey of the UK’s leading mortgage lenders conducted by The Independent, it is reported that home owners are more likely to be making bigger payments on mortgages than increasing spending elsewhere.
The report says that more customers in the UK are making inroads into their mortgage debt, with many households keeping repayments at the [...]

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Pre-Christmas independent research released by Money.co.uk today,  suggests that the majority of Brits have made no provision for Christmas expenses this year, increasing the likelihood of a major hit on credit cards and the like over the festive period. Worryingly almost 5 million (10%) of Britons have admitted that they are still paying debts off [...]

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The British Bankers Association have denied claims from consumer groups that the UK’s high street banks are ‘profiteering’ from charging high interest rates on personal finance, despite the obvious evidence that interest rates on personal loans are at a seven year high, while the base rate is at an all time record low.
Consumer groups say [...]

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